In 2019, the market revenue of IoT reached $ 212 billion. There are about 26.66 billion connected IoT devices worldwide, and this number is to reach 75.44 billion by 2025. The UN estimates that, in May 2020, the world population is 7.78 billion people. A simple math operation tells us that an average person owns from 3 to 4 IoT devices. Do you have one? Maybe a smartwatch? A smart TV? Or a smart car?
Moving further, the population is expected to reach 8.1 billion people in 2025. The same math calculation shows us that, in 2025, an average person will have from 9 to 10 smart devices in their possession. Do you see where I am leading you to? Do you want to join this prosperous market niche and make your IoT device to be one of these 9 to 10?